Welcome to Gainesville
Avison Young opened its Gainesville office in January 2019 through the firm's acquisition of Front Street Commercial Real Estate. As a result of the acquisition, 26 members joined Avison Young, with Nick Banks becoming Managing Director in Gainesville.
Home to the University of Florida (ranked #8 in the 2018 list of Best Colleges by U.S. News & World Report) and Santa Fe College, Gainesville is well-known for its college-town atmosphere, a wide array of shopping, dining and entertainment locations, as well as its highly skilled workforce, live-work-play lifestyle, low unemployment and diverse economy. The city’s major industries include advanced manufacturing, education, healthcare, life sciences, IT, logistics, green technology and agriculture. Government also forms a large employment base and leading medical facilities offer numerous research, innovation and real estate-related business opportunities. According to the U.S. Bureau of Labor Statistics, Gainesville’s unemployment rate (3.4% as of June 2019) mirrors the rate for the state of Florida and sits well below the national average.
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Florida Real Estate Weekly Snapshot May 25, 2020
June 1, 2020There has been an acceleration in leasing activity over the last week, more traction with regard to longer term deals, and an uptick in requests for information and tours. In multiple markets, some clients that had previously put transactions on hold are now beginning discussions to move forward. -
Market Report
Florida Real Estate Weekly Snapshot May 18, 2020
May 25, 2020With regard to rent collection, the general consensus is that as companies have gotten their federal stimulus money, they have increasingly been more able to cover their rent. Rent collection to date for May is similar to what was collected in April. Many office and industrial landlords have been deferring rent at 0% interest with a payback over the remainder of the term, or at the end of the year. -
Market Report
Florida Real Estate Weekly Snapshot May 11, 2020
May 11, 2020Demand for cold storage space, which was already on the rise in Florida, is seeing a stronger uptick during the coronavirus pandemic. Online grocery sales reached a record high during April, with shoppers spending $5.3 billion on orders for delivery and pickup, a 37% jump over the previous month. Consumers are reporting weeks-long waits on Instacart, Shipt and other leading platforms as demand far outpaces the supply of available workers and groceries. -
Market Report
Florida Real Estate Weekly Snapshot May 1, 2020
May 1, 2020According to a recent report from Dodge Data & Analytics, construction starts in South Florida were down by 53% in March due to COVID-19. The spread of the virus resulted in a major slowdown in several municipalities’ processing time for building permits and some developers have chosen to put projects on hold due to economic uncertainty.